MAAT INDEX

CLAIM #62258 · VZ (VZ) · 2023Q2 earnings call · Jul 25, 2023 · due Sep 30, 2023

One thing to note, just on the prepaid revenue, we did see a headwind in the quarter of about $125 million. I would expect that to be at a similar level in the third quarter before it eases up in the fourth quarter.

Tony Skiadas · CFO

PENDING
graded after results covering Sep 30, 2023 are reported

In context

in the service revenue and actually doing even better with enterprises. So, it's going to take some time, but I’m really pleased what I've seen in the last couple of quarters how this is turning out. And I would say we have now an ecosystem with devices, with radio-based stations, with integrators and all of that, which we haven't had before. So, I'm more optimistic than a long time that private networks will be something. And as you know, I mean, we were way ahead of anybody else on this field, and that's why I feel really confident we will take more than our fair share. Tony Skiadas: Yes. Good morning, Phil. And then on the service revenue, as we mentioned upfront, we have some tough comps as we lap the price ups from last year. We do expect sequential improvements in the third quarter. One thing to note, just on the prepaid revenue, we did see a headwind in the quarter of about $125 million. I would expect that to be at a similar level in the third quarter before it eases up in the fourth quarter. That's probably one additional data point for you. Phil Cusick: Thanks, Tony. Brady Connor: Yep. Thanks, Phil. Brad, we're ready for the next question. Operator: The next question comes from Frank Louthan of Raymond James. Your line is open, sir. Frank Louthan: Great, thank you. Can you walk us through the correlation between the broadband adds and the business wireless adds, including both the Fios and the fixed wireless? And then you mentioned expecting some softer upgrades. Are you anticipating having to subsidize anymore for handsets to get adds as the year goes on? Thanks. Hans Vestberg: On the broadband side, I think I got the question like that, the correlation between the fixed wireless access and the Fios. I mean, let me say that, I mean, on the fixed wild access right now, we ar

Verify independently

SEC filings for VZ · Claim quote is verbatim from the 2023Q2 earnings call.